While filing for bankruptcy may seem like an intimidating process, it does not have to be with the help of a Clermont bankruptcy lawyer. Whether you are trying to reorganize your assets, liquidate your property, or just understand your options, Bogin, Munns & Munns is here to help. Our law firm can review your finances and determine what chapter of bankruptcy suits your situation. Additionally, our team can protect you against creditors while the legal process develops.
Filing for bankruptcy offers many people a chance to start over. With a clean slate, you can manage your finances and work toward rebuilding your life. Whether you are experiencing difficulties with your personal finances or your business, our team can help you.
For a free review of your case with a member of our team, call (352) 243-8981.
A Lawyer Can Evaluate Your Case
As you begin managing your finances, you may have many questions about how a bankruptcy lawyer from Bogin, Munns & Munns could help you. Our number one priority is to help you find a reprieve from your debt. We will first begin our partnership by evaluating your situation.
Some important facts in your case may include:
- Whether you own a business
- Whether you can liquidate any of your assets (e.g., like a second home or car)
- The extent of your debt
- The identities of your creditors and what they are owed
- Any extenuating circumstances that may affect your finances, like paying child support or alimony
Once your lawyer fully understands these details, they can advise you on a course of action. There are multiple chapters of bankruptcy under which you can file. However, the specifics of this process will depend largely on your situation. Some chapters of bankruptcy are better suited to other peoples’ situations than others. Yet, with us, you can rest assured that your legal team will handle your case’s obligations. Feel free to reach out to our Florida law firm today to learn more.
To consult with an experienced bankruptcy lawyer serving Clermont, call 855-686-6752
The Chapters of Bankruptcy Under Which You Can File
In total, there are six chapters of bankruptcy under which claimants can file. However, on this page, we will discuss three of them.
They are as follows:
Chapter 7 Bankruptcy
Chapter 7 bankruptcy, also referred to as the “liquidation” chapter, is the most common form of bankruptcy under which people file. In this process, your lawyer will determine whether any of your non-exempt assets can be liquidated. The U.S. Courts explains that the proceeds from these liquidated items will then be distributed to your creditors.
Many details will dictate whether filing for Chapter 7 bankruptcy is right for you. Your lawyer can explain these details and strategize accordingly on your behalf.
Chapter 11 Bankruptcy
This process is known as the “reorganization” chapter. In this circumstance, you and your lawyer will work together to develop a payment plan that satisfies your creditors. Chapter 11 bankruptcy generally refers to businesses that want to stay open but need to pay their creditors while restructuring their finances. The details of your payment plan will depend on the nature of your situation.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy shares many of the same qualities as Chapter 11 bankruptcy. In this scenario, you will pay off your debts over three to five years. This process is designed to allow individuals with a “normal income” to pay off their debts.
You do not need to memorize each chapter of bankruptcy and what they entail. Your lawyer can do that for you. With a Clermont bankruptcy lawyer, you can focus your time and emotional energy on stabilizing your life. All the while, our team can work to get you a “clean slate.”
To connect with a member of the Bogin, Munns & Munns team, call (352) 243-8981.
Clermont Bankruptcy Lawyer Near Me 855-686-6752
How a Lawyer from Our Team Can Serve You
While considering your options, you may be inclined to handle your legal matters on your own. Yet, without adequate knowledge of the bankruptcy process, this may not work in your best interest. First, there is a lot of paperwork involved with filing for bankruptcy.
Some forms are not clear on what information they want you to provide. Others are subject to deadlines that you may not know about. A lawyer can manage the documentation associated with your case so that errors and inaccuracies do not mar the proceedings.
Additionally, your lawyer can:
Protect You Against Creditors
Right now, your days may be filled with calls from angry creditors or business partners. While filing for bankruptcy, your lawyer can halt creditors’ attempts to contact you depending on your case’s circumstances. They can also handle all phone calls from other parties who are involved with your case.
Filing for bankruptcy is meant to provide you with a fresh start. While you manage your money-related matters, you should not have to deal with harassment or personal threats. Your lawyer can take these calls for you.
Explain What Properties Are Exempt
Depending on what chapter of bankruptcy you want to file, some properties may be exempt from liquidation, while others are not. Your lawyer can give insight into your finances and chart a course of action on your behalf. In some bankruptcy chapters, you do not have to worry about losing your home or car. A representative from our firm can explain more when you call us today.
Represent You in Any Hearings
You may be asked to attend hearings with creditors or legal representatives. This can seem intimidating––especially if you do not fully understand your legal options. At Bogin, Munns & Munns, we are prepared to guide your case to the finish line. If that means speaking with creditors, trustees, and government officials in person, we have no reservations about doing so. We do not want you to worry about anything other than rebuilding your life.
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Call Our Team Today to Learn More
A Clermont bankruptcy lawyer can help you with the process of liquidating or restructuring your finances. Filing for bankruptcy does not have to be a stressful process with our team on your side. To begin, call Bogin, Munns & Munns at (352) 243-8981.